Sanabil Investments, the venture arm of Saudi Arabia's sovereign wealth fund, disclosed that it had invested in over 50
global VC and PE funds, including funds raised by Andreessen Horowitz,
General Atlantic, Coatue Management, and Insight Partners. Sanabil, the wholly owned subsidiary of Public Investment Fund, invests around $2B into venture, growth, and buyout firms every year.
- More than half the funds are invested in VC funds, with another 30% in PE funds and a fifth in "liquid portfolio."
- In
addition, Sanabil makes direct investments in startups, such as scooter
rental platform Bird and social media platform Caffeine.
- Parent group PIF has over $620B worth of assets under management (AUM).
- Sanabil's
website lists that it has backed Dragoneer Investment Group, Greenoaks
Capital Partners, TCV, B Capital Group, Polychain Capital, Iconiq
Capital, and others.
- VC firms rarely disclose their limited partners and
are especially guarded about revealing their ties to capital from Saudi
Arabia following the 2018 murder of Washington Post columnist Jamal
Khashoggi in a Saudi consulate in Turkey.
